The bailout of the banks was an AIG bailout. They stupidly
Posted on: November 28, 2018 at 22:15:43 CT
TigerMatt MISS
Posts:
87782
Member For:
25.69 yrs
Level:
User
M.O.B. Votes:
0
bought up all the credit default swaps from banks and if another big bank went under, AIG was toast. And AIG has tentacles everywhere.
It would have been the end of the world economy as we know it.